Credit Connect

Griffins has selected Encompass verify to software support them in their Know Your Customer (KYC) compliance.

Griffins, specialises in providing insolvency, litigation and forensic services return to creditors through asset recovery. Encompass supports compliance with international Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations by empowering their front line staff to meet the evolving regulatory requirements of the latest MLR 2017 update.

Danny Lee from Griffins said: “Utilising leading RegTech software is fast becoming essential for complying with regulatory requirements. Not only does automation significantly speed up the onboarding process, it frees up the valuable time of our compliance professionals and assists in developing a systemic risk governance approach to decision making. As a company, we are committed to using the best and latest technology, and signing up for encompass verify supports us in that.”

Paul Charmatz, Managing Director from Encompass said: We are constantly adding new data providers to our platform ensuring we remain at the forefront of RegTech technology. We’re the only platform that can access all data providers via API and aggregate them into a single view for compliance professionals. We look forward to supporting Griffins’ compliance team as they roll out the use of encompass verify.”